President Trump insists that the phase one trade deal with China remains "fully intact" after his advisor Peter Navarro triggered confusion and a temporary stock slump with comments that were interpreted as an end to the agreement.
The US oil market saw a complete collapse on Monday, with prices as low as USD -37 per barrel of crude. They rose again on Tuesday, but the fundamental problem remains unsolved. Now Trump wants to fill reserves, US media write.
The US on Monday imposed new sanctions against Turkey. According to President Donald Trump, tariffs on Turkish steel will be raised to 50 percent, a move that comes in response to Turkey's offensive in northern Syria.
Donald Trump says that China has requested to restart the two countries' trade talks. The statement came just hours after China's top negotiator called for calm after a weekend of back-and-forth tariffs that rocked global stocks.
The trade war has not had the effect on Maersk that some observers feared. The tariffs mean nothing, but American consumer habits do, says CEO Søren Skou, who would like to meet with Donald Trump when he visits Denmark, where Maersk is headquartered.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.